We're on the sidelines | 22 November 2021
22 November 2021, USD/JPY
Wave Analysis:
The US Dollar is currently heading to the upperside, As long as the price remains below the previous week's highest high, we expect sellers to come in. However, in case the price breaks and closes below the previous week's lowest low, then this will be the best place to consider looking for a possible long term sell positions. ON this chart, I recommend remains flat or waiting and buying a break above the previous week's highest highest high, or waiting and selling a break below the previous week's lowest low.
Trade Recommendations:
We're on the sidelines
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
